Yona Network integrates Solana and Ethereum features into Bitcoin ecosystem
Yona Community integrates Solana and Ethereum aspects into Bitcoin ecosystem Yona Community integrates Solana and Ethereum aspects into Bitcoin ecosystem
Yona Community's Neon Stacks integration to liberate $1 trillion Bitcoin liquidity.
Quilt art work/illustration by CryptoSlate. Image involves blended yell which can additionally just encompass AI-generated yell.
Yona Community, a Solana Virtual Machine (SVM) Bitcoin Layer 2 network, has adopted Neon Stacks to introduce Ethereum Virtual Machine (EVM) compatibility to the Bitcoin network.
In accordance with a July 25 sing shared with CryptoSlate, this collaboration targets to power innovation in the Bitcoin DeFi ecosystem while bettering accessibility and scalability for decentralized purposes (dApps) on the most major blockchain network.
At the identical time, the transfer will additionally give EVM developers and users rep admission to to over $1 trillion in liquidity and sources like Ordinals, Runes, and BRC-20s on the Bitcoin network.
Bringing Solana velocity to Bitcoin
Yona Community’s SVM integration is region to raise Solana’s excessive transaction-handling functionality to Bitcoin. This transfer could maybe entice extra Ethereum and EVM-based completely mostly DeFi initiatives to the Bitcoin network.
In accordance with the sing:
“By integrating SVM, Yona envisions bringing Solanaâs capacity to take care of hundreds of transactions per 2nd onto Bitcoin, making it a modular L2 with excessive scalability and a coveted platform for subsequent-generation dApps within the Bitcoin ecosystem that has deep liquidity.”
Neon Stacks, which offers Ethereum compatibility with the Solana blockchain, will strengthen Yona’s imaginative and prescient. The collaboration is anticipated to enhance blockchain interoperability and scalability.
Davide Menegaldo, Neon EVM CCO, highlighted that the integration would expand Yona Community’s market viewers and interplay with Ethereum. He added:
“The combination of Bitcoin because the underlying layer with the SVM execution environment – merged with the EVM compatibility – represents a novelty in the modularity device, and itâs an ambitious case peep. Yona’s capacity leverages something excellent from each and every L1 (Ethereum, Solana, and Bitcoin) in a technique never considered sooner than.”
Max Sultakov, Yona Community’s CEO, described the integration with Neon Stacks as a revolutionary transfer that can become the blockchain network into a trendy programmable layer for Bitcoin. He mentioned:
“Neon Stack is a game-changer, bringing EVM compatibility to SVM chains in an unparalleled manner. This unlocks unheard of probably for Yona Community, transforming it into a trendy programmable layer for Bitcoin.”
Oluwapelumi Adejumo
Oluwapelumi values Bitcoin's probably. He imparts insights on a fluctuate of issues like DeFi, hacks, mining and culture, underlining transformative energy.
Liam 'Akiba' Wright
Most continuously identified as "Akiba," Liam is a reporter, editor and podcast producer at CryptoSlate. He believes that decentralized skills has the probably to originate trendy certain trade.
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